Tuesday 24 January 2017

I've abandoned any thoughts of a wedding and having a family

Published 13/02/2011 | 05:00

A PUBLIC servant, who is single, earns a salary of €52,000 a year and is at risk of defaulting on his mortgage? Surely some mistake. Yet this is what an educational administrator says keeps him awake at night.

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John doesn't want his full name published -- he doesn't want his colleagues knowing about financial woes. And there are no doubt many on the minimum wage who would quibble with his concerns. "I know that I am much better off than a lot of people," he says. But...

"While I am not yet in danger of default, it is now a growing concern for me. I started working six years ago in my 40s in an Institute of Technology. I was on a salary of approximately €50,000, and single so I was in a good position to get a starter home," he explains.

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